Taj Mahal Casino Hotel at night in Atlantic City, NJ closed because of bankruptcy on October 10, 2016.
Trump Taj Mahal is a closed casino and hotel on the Boardwalk in Atlantic City, New Jersey, United States, owned by Trump Entertainment Resorts, a subsidiary of Icahn Enterprises. Hard Rock International and other investors announced plans in March 2017 to purchase the property and convert it into the Hard Rock Hotel & Casino Atlantic City.
The casino was inaugurated by its then-owner Donald Trump in 1990, and was built at a total cost of nearly one billion dollars. Restaurants at the Taj included Dynasty, Il Mulino New York, Moon at Dynasty, Robert's Steakhouse, and Hard Rock Cafe. It was also the home of Scores, the country's first in-casino strip club.
The Taj Mahal came to the brink of closure in 2014 as its parent company went through bankruptcy, but ultimately remained open under the new ownership of Icahn Enterprises. On August 3, 2016, it was announced that the Trump Taj Mahal would close after Labor Day. It was closed on October 10, 2016.
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Donald Trump knows a thing or two about defaulting on debt. His businesses have filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code at least four times to overcome excessive indebtedness: first with Trump Taj Mahal in 1991, then Trump Plaza Hotel in 1992, Trump Hotels and Casino Resorts 12 years later, and Trump Entertainment Resorts in 2009.
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